Month: August 2017

For 38 weeks in a row – straight weeks, Since Donald Trump was elected the 45th U.S. President the market has been in a bullish trend. That is it has been around 269 days of relentless bull (a very, very mature bull market though).

Many people got left out, because they predicted the market collapse. The market is a leading indicator of the overall health of the economy of the USA

S@P gained around 18%

DOW gained around 21%

NASDAQ gained around 23%

41 times DOW hit new highs!! 41 times!

Monday August 21, 2017 is a coast to caost solar eclipse and some people as usual are predicting dire straits for USA. They may or may not be right. But as of today USA is doing great!!

But for the naysayers

Here is good news too

Electronics for Imaging – EFII, collapsed 41% in thousands of times more volume than average. This might be a time to time to buy Put Options. Remember Enron accounting irregularities! – Thursday was quarterly results and they failed to release it , citing issues over revenue recognition!!

By 1 pm today – the NASDAQ dropped about 31 points (the futures were up 45 points at one time last night). That shows to us a critical point that i have observed over many months now: stocks don’t always follow the futures.

Volume was lower on the NYSE compared with the same time Noon EST, but higher on the Nasdaq, (The most intense trading in Apple shares — running about 5 times greater than the 50 days moving average of volume. Losing stocks led winners by 12-to-7 on the NYSE and by about 13-to-5 on the Nasdaq.

Solar energy stocks, the No. 1 industry group out of the 197 that IBD tracks, was Wednesday’s worst-performing